Nicolas Cage Owes the IRS Millions in Back Taxes: PHOTO
Cage owes $6.3 in Back Taxes It seems living the good life has caught up to Nicolas Cage. The actor apparently owes more than

Nicolas Cage Suing Business Manager for Financial Ruin: PHOTO
Nicolas Cage had a lien filed against his assets by the IRS, so he’s been selling property to raise the money needed to pay off his $6 million dollar debt. Now Cage is suing his business manager Samuel Levin, and is asking for a minimum of $20 million to repair the damage. Cage earned $40 million between June of 2008 and June of 2009, according to Forbes, but the problems started after: "Levin placed Cage in numerous highly speculative and risky Real Estate investments, resulting in...

Nicolas Cage's Business Manager To Blame For Financial Woes: PHOTO
Somebody's getting sued BIG TIME! Nicolas Cage is suing his former business manager Samuel Levin for at least $20 million to repair his life of "financial ruin." Apparently Levin screwed Cage over majorly with "highly speculative and risky Real Estate investments, resulting in…catastrophic losses" as well as not paying his taxes on time. Consequently Cage has had to sell major assets and investments as well as now being in a HUGE hole with the tax man. Remember, Cage owes the IRS $6...

Nicolas Cage Suing Business Manager for Financial Ruin: PHOTO
Nicolas Cage had a lien filed against his assets by the IRS, so hes been selling property to raise the money needed to pay off his $6 million dollar debt. Now Cage is suing his business manager Samuel Levin, and is asking for a minimum of $20 million to repair the damage. Picture of Nicolas Cage Suing Business Manager for Financial Ruin [source:HollywoodGrind.com] Cage earned $40 million between June of 2008 and June of 2009, according to Forbes, but the problems started after: "Levin placed...

Cage's Business Manager -- Troubled History: PHOTO
Why is Nic Cage in such deep trouble ??? The person Nic's suing has tried to explain Cage's financial troubles before... Last year, the IRS put the screws to Cage after they discovered the actor tried to write off $3.3. million in personal expenses as business expenses from 2002 to 2004 -- things like limo rides, meals, gifts and Cage's private jet. Cage's business manager, Samuel J. Levin tried to explain the situation to Forbes , telling them Nic's tax moves were "customary in the...

Nicolas Cage sues former business manager for $20 million
Nicolas Cage sues former biz managerLOS Angeles

Nicolas Cage Sues Business Manager For 'Financial Ruin'
tmz.com : Nicolas Cage, who has made untold millions over a long career, says his business manager has sent him "down a path toward financial ruin" and he wants $20 million minimum to repair the damage. TMZ has obtained a copy of a lawsuit, filed in L.A. County Superior Court, in which Cage claims Samuel Levin -- his business manager -- was so reckless and incompetent with his money, that he has now been forced to sell off major assets and investments and is faced with gigantic tax liabilities....

Nicolas Cage Blames 'Financial Ruin' on Former Manager
'Leaving Las Vegas' star Nicolas Cage is apparently in dire straits. The actor has filed a $20 million lawsuit against his former business manager, al

Nicolas Cage sues former biz manager - Yahoo! News
Los Angeles – Nicolas Cage sued his former business manager for $20 million on Friday, claiming bad advice and mismanagement led him toward financial ruin. Cage filed the lawsuit against Samuel J. Levin and his firm. "Instead of protecting and preserving Cage's wealth during one of the greatest economic periods in the country's history, Levin placed Cage in numerous highly speculative and risky Real Estate investments , resulting in Cage suffering catastrophic losses," the lawsuit states....

Nicolas Cage sues former biz manager
Los Angeles

The Associated Press: Nicolas Cage sues former biz manager
Los Angeles — Nicolas Cage sued his former business manager for $20 million on Friday, claiming bad advice and mismanagement led him toward financial ruin. Cage filed the lawsuit against Samuel J. Levin and his firm. "Instead of protecting and preserving Cage's wealth during one of the greatest economic periods in the country's history, Levin placed Cage in numerous highly speculative and risky Real Estate investments, resulting in Cage suffering catastrophic losses," the lawsuit states....

Actor Nicolas Cage Sues Ex-Manager, Claiming 'Financial Ruin'
Oct. 17 (Bloomberg) -- Nicolas Cage , the Academy Award-winning film actor seen in “Leaving Las Vegas,” “Moonstruck”and “National Treasure,” sued his former business manager,claiming financial ruin . Manager Samuel Levin's alleged failure to pay the actor'staxes, combined with poor investment decisions, sent Cage “downa path toward financial ruin,” according to a complaint filedin a California state court in Los Angeles yesterday. Claimingprofessional negligence and breach...

Nicolas Cage sues ex-manager for 'financial ruin' (Reuters): PHOTO
Los Angeles (Reuters) - Actor Nicolas Cage filed a $20 million lawsuit against his former business manager on Friday , accusing him of negligence and fraud that sent the 'National Treasure' star 'down a path toward financial ruin.' - Read and comment on the latest movie, DVD, Box Office, entertainment, casting, and celebrity news and gossip on Yahoo! Movies"/>

Nicolas Cage sues ex-manager for -financial ruin': PHOTO
Los Angeles, Oct 17

Nic Cage Sues Biz Manager for 'Financial Ruin'
Nicolas Cage , who has made untold millions over a long career, says his business manager has sent him "down a path toward financial ruin" and he wants $20 million minimum to repair the damage. TMZ has obtained a copy of a lawsuit, filed in L.A. County Superior Court, in which Cage claims Samuel Levin -- his business manager -- was so reckless and incompetent with his money, that he has now been forced to sell off major assets and investments and is faced with gigantic tax liabilities. In the...

Nic Cage in 'financial ruin'?! Sues biz manager for $20M: PHOTO
Nicolas Cage is suing his former business manager, Samuel Levin, for leading him "down a path toward financial ruin." Cage asked for $20 million in damages in the lawsuit.

Nicolas Cage Going Bankrupt? He Owes $6.3 Million to the IRS and $2 Million to a Bank, but Can He Pay?
Nicolas Cage owes almost $9 million in bad debts, he's sold off his castle, so what's next?

Nicolas Cage Owes $6.3 Million in Back Taxes
The actor's financial woes are compounded by a lawsuit claiming he hasn't paid a $2 million loan

Nicolas Cage Quit The Wrestler
Nicolas Cage has confirmed he quit The Wrestler because he didn't think he'd have time to get into steroid-pumping shape. The role that sparked a major comeback for Mickey Rourke initially belonged to Cage, but the Con Air star resigned from the project - because he didn't think he'd make a believable Randy 'The Ram' Robinson. Cage tells TV news show Access Hollywood, "I resigned from the movie because I didn’t think I had enough time to achieve the look of the wrestler who was on...

Nightly News: Ryan Reynolds Is Cute; Nicolas Cage Sells Home
Photo Source: Avik Gilboa/Wenn.com

Debt-ridden Nicolas Cage sells his English castle: PHOTO
He is one of Hollywood's most bankable stars, with an ability to turn the unlikeliest storylines into Box-office hits. But it seems Oscar-winning actor Nicolas Cage's Midas touch doesn't extend to his own finances.

Open Post: Hosted By Nicolas Cage And His Baby Friends: PHOTO
Maybe I had too many glasses of coke and coffee (don't judge, they drink it in Europe), but these pictures of the star of It Could Happen To You posing with two fresh out of the babies are pretty hilarious. These pictures are from a charity event held at the Bath Royal United Hospital in England. Nicolas Cage was there to help raise funds for a new BABY!!! unit. Who knew Nicolas was such a big fan of BABIES? Yes, the baby on the right might have a broken neck, but who cares?! Nicolas Cage is...

Is Nicolas Cage Selling Another Castle?
More Real Estate news from Nicolas Cage . Various sources have reported that the Real Estate loving action star is selling his £5 million home on the edge of Bath, England. This Is Bath says that Cage will be in Bath on November 26 to switch on the city's Christmas lights but will be putting the 18th century Midford Castle on the market. The article says that Cage still plans to be in the area on a regular basis. The castle is a Grade One-listed building and has seven bedrooms. He brought...

Nicolas Cage's New Home Is His Castle
The actor says he bought a castle in Bavaria to honor his mother's roots

Why Don't Celebs Just Pay Their Taxes?: PHOTO
The IRS is hot on Nic Cage 's booty since the Oscar winner (and 'National Treasure' star) allegedly owes $6 million in Back Taxes. Still, his failure to pay surely can't be due to a lack of funds, as he's worth an estimated $38 mil. Are there no decent accountants in Hollywood? After the jump, celeb watchers and accountants weigh in on Nic and other celebs stiffed the man! Meantime, rock out to The Beatles' 'Taxman' on the right! "This is yet another aspect of celebrity narcissism,"explains...